Sona Machinery Limited IPO

NSE SME

Listed On: Mar 13, 2024 at ₹ 125.0

₹ 143000 /1000 Shares

Check Allotment

Sona Machinery Limited IPO Details

05 Mar, 2024

Open Date

07 Mar, 2024

Close Date

11 Mar, 2024

Allotment Date

13 Mar, 2024

Listing Date

Issue Price

₹136-143 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

List Price

125.0

Listing Date

2024-03-13

Market Lot

1000 Shares (₹143,000/-)

Lead Manager

Hem Securities Limited

Issue Size

3,624,000 shares(aggregating up to ₹51.82 Cr)

Retail Portion

35%

Subscription

273.57 times

IPO Docs

DRHP RHP

The IPO of Sona Machinery Limited is priced at ₹136-143 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Maashitla Securities Private Limited is the registrar of the issue.

Sona Machinery Limited IPO bid opening date is from Mar 5, 2024 and the bid closing date was Mar 7, 2024.
Sona Machinery Limited IPO allotment result will be available on Mar 11, 2024. The tentative listing date for Sona Machinery Limited is Mar 13, 2024.

The total issue size is 3,624,000 shares(aggregating up to ₹51.82 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	688,000 / 517,000	1,205,000	2,410,000
Day 1 - 05-03-24 06:00 PM	6.71 / 8.65 x	19.62 x	13.58 x
Day 2 - 06-03-24 06:00 PM	6.78 / 34.49 x	63.59 x	41.13 x
Day 3 - 07-03-24 06:00 PM	129.72 / 554.77 x	235.06 x	273.57 x

Total No. of Applications: 2,83,245 (Approx)

Sona Machinery Limited Valuations

EPS Pre IPO

₹7.63/-

EPS Post IPO

₹7.08/-

P/E Pre IPO

18.73

P/E Post IPO

20.2

ROE

44.49%

ROCE

46.61%

Debt/Equity

0.06

RoNW

36.39%

PAT Margin

10.32

Price to Book Value

8.11

Sona Machinery Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	2,864.75	1,520.54	732.62
Revenue	8,118.06	4,453.07	606.33
Profit After Tax	770.96	330.02	28.22
Net Worth	1,132.34	363.98	37.51
Reserves & Surplus	1,122.34	353.98	27.51
Total Borrowing	252.60	236.61	N/A

About The Company

Sona Machinery Limited is an agricultural machinery manufacturing company for processing rice, pulses, wheat, spices, and Barnyard Millet. It was established in 2019.

The company produces Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator etc.

Its products are exported from India to Nigeria, Bangladesh, Nepal, and Kenya.

Das System & Services Pvt Ltd. has accredited the company with ISO 9001:2015 for Quality Management Systems.Sona Machinery offers engineering, installation, supervision, and machine commissioning services, thus providing a comprehensive solution for the milling sector, from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.

Manufacturing unit located at Ghaziabad, Uttar Pradesh, which contains the total area of about 52,205 sq. ft. Material and finished goods warehouse.

The company had more than 390 employees with the help of semi-skilled workforce at all levels of the organization as of September 30, 2023.

Sona Machinery Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.59%

Company Promoter(s)

Mr. Vasu Naren
Ms. Shweta Baisla

Sona Machinery Limited IPO - Issue Objectives

Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
General Corporate Purpose

Other Details

Company Contact Details

Sona Machinery Limited

Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034

Phone: +91-8448984368

Email: cs@sonamachinery.com

Website: http://www.sonamachinery.com/

Registrar Contact Details

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Email: Investor.ipo@maashitla.com

Website: https://maashitla.com/allotment-status/public-issues

Sona Machinery Limited IPO - FAQs

Ans. Sona Machinery Limited IPO is a SME IPO. The issue is priced at ₹136-143 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Mar 5, 2024, and closes on Mar 7, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Sona Machinery Limited IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.

Ans. The size of Sona Machinery Limited IPO is 3,624,000 shares(aggregating up to ₹51.82 Cr).

Ans. The IPO price band is set between ₹136-143 per equity share.

Ans. To apply for Sona Machinery Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sona Machinery Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sona Machinery Limited IPO is Mar 11, 2024.

Ans. The Sona Machinery Limited IPO will be listed on Mar 13, 2024.

Ans. Follow the steps to check the allotment status for Sona Machinery Limited IPO here.